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PLAY >New Drops Tuesday, January 30, 2001
New Split Drops   New Candidate Drops   New Momentum Drops
(We update our stop losses daily at the CURRENT PLAYS page.)

New Split Drops

None

New Candidate Drops

SPW - SPX Corporation $106.79 -2.23 (-6.14)

Selling in SPW shares took off yesterday once the stock dropped below the 50-DMA of $109.00. We are a little surprised that SPW rollover right before an expected rate cut because this industrial products provider could be a major beneficiary of lower interest rates.


Picked on January 14th @ $111.69
Profit/Loss -2.69 (2%) (Stopped Monday @ $109.00)
Best Profit +7.06 (6%)
 
Interactive Chart Quote News Zacks on SPW
 

New Momentum Drops

MER - Merrill Lynch $80.00 +4.88 (+6.12)

We excited Merrill at yesterday's close to avoid this morning's earnings release. For the record, Merrill Lynch reported stellar results of $0.93 in profits. This number was $0.05 above the consensus estimates. Longer-term investors who held the stock through the report saw a very nice rally to a new all time high.


Picked on January 17th @ $74.56
Profit/Loss +0.57 (1%) (Stopped Monday $75.13)
Best Profit +2.25 (3%)

 
Interactive Chart Quote News Zacks on MER
 

Drops Index

 


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